December 27, 2022
Company name: ES-CON Japan Ltd
Representative: Takatoshi Ito,President&Representative Director(TSE Prime Market, code: 8892)

Notice on Participation in Detached House Development Project inThailand
ES-CON JAPAN Ltd. (ES-CON JAPAN) announces that it has decided to invest in and participate
in a detached house development project (hereinafter "The project") being promoted by Britania
Public Company Limited (hereinafter "Britania"), a subsidiary of Thai real estate developer Origin
Property Public Company Limited (hereinafter "Origin"). The details are as follows.
This project will be our company's first detached house development project overseas.
1. About participation in this projectThrough our subsidiary ES-CON JAPAN (Thailand) Co.,LTD, we have invested in and participatedin the detached house development project "(tentative name) BRITANIA BANGNA KM.39" being
promoted by Britania, located approximately 40km southeast of central Bangkok (approximately 50
minutes by car).
The area around the planned development site is home to multiple industrial complexes, and has
created an environment with high convenience for living, with large commercial facilities,universities, hospitals, and other facilities. In addition, the Bangna district, where the planneddevelopment site is located, is expected to develop further in the future as a key transportation hub
to central Bangkok under the Eastern Economic Corridor (EEC*1) plan promoted by the Thaigovernment.
Taking advantage of this location, this project will develop a total of 232 units of twin houses (3LDK)and single houses (4LDK), and plan to install pools and fitness gyms in the common areas.
The joint venture, Britania, is a consolidated subsidiary of Origin, which specializes in thedevelopment of detached houses and townhouses*2, listed on the Stock Exchange of Thailand inDecember 2021. Established in 2009, Origin is a major listed developer that represents Thailand.
Its main business is the development of condominiums, but it also develops real estate leasing andmanagement businesses. This project will be the second residential development for ES-CON
JAPAN in Thailand, following the "Knightsbridge Sukhumvit-Thepharak" project, which is a joint
venture with Origin.

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In the fourth medium-term management plan "IDEAL to REAL 2023" (for the three-year period fromthe fiscal year ending December 2021 to the fiscal year ending December 2023), the Company has
set "taking on the challenges of new business domains" as one of its management strategies. We
are steadily expanding our business areas such as overseas business, columbarium business, andreal estate crowdfunding business. Regarding overseas business, we are steadily accumulating
business know-how through joint projects with local partner companies in Thailand, California, andHawaii, while assessing the impact of the spread of COVID-19.
We will continue to globally develop a multifaceted real estate business that can contribute tosociety.
*1 Straddling the three provinces of Chonburi, Rayong, and Chachoengsao (this project applies) in the eastern part of Bangkok, thisproject covers next-generation automobiles such as electric vehicles and plug-in hybrid vehicles, as well as high-tech industries
such as medical, aviation, and robotics. A plan to promote investment and develop land, sea and air infrastructure in an integrated
manner.
*2 A type of collective housing, such as condominiums and apartments, in which two or more houses are built together.

2. Project Overview

Name
Location
Traffice
Site Area
Sales area
Total number ofunits (planned)
Schedule(planned)(tentative name) BRITANIA BANGNA KM.39
Ban Tawanok Alley, Bangna-Trat Road., Bang Samak, Bang Pakong District,
Chachoengsao 24180, Thailand
0.1km to Bangna/Trat Road (5 lanes on one side) / 1.9km to the exit of Bangna
Expressway (3 lanes on one side)
68,644 m2
Land: 39,570 m2 / Building: 27,816 m2
232 units (twin house (3LDK): 176 units, single house (4LDK): 56 units)
Sales start: August 2023 / Delivery completion: January 2026

[Property image]

Main Gate23. Overview of Britania (joint venture partner) and our subsidiary
Overview of BritaniaCompanyName
Date ofestablishment
RegisteredAddress
CapitalRepresentative

Britania Public Company Limited
August 2016 (listed on the Stock Exchange of Thailand in December 2021)
4345 Bhiraj Tower, 21st Floor, BITEC Bangna, Sukhumvit Road, Bangna,Bangna Bangkok
496 Moo.9 Samrong Nuae District, Muaeng Samutprakarn Samut Prakarn 10270
428,570,000 baht (as of December 13, 2022)
Mrs.Supalak Chanpitak
Mr. Surin Sahachatpocanun

Overview of our subsidiary

Company Name
Date ofestablishment
Address
CapitalDirector

ES-CON JAPAN（Thailand）CO.,LTDJuly 2019
Room 184, 18th Floor, Thai CC Tower, 43 South Sathorn Rd., Yannawa,Sathorn, Bangkok 10120 Thailand
1,000,000 baht (as of December 27, 2022)
Kentaro Okamoto

4. Impact on operating project

The impact of the investment on ES-CON Japan's operating results for the current fiscal year iscurrently negligible.
<Inquiries regarding this matter> Administration Group PR/IR Manager Tel: +81-3-6230-9308

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